Oil now
The main oil brands remain under pressure after EIA reported that crude oil inventories increased by 3.8 million barrels per week, putting additional pressure on oil due to rising concerns about the world oil supply.
An additional factor contributing to the growth of pessimism in the market is the negative dynamics of stock indices, which was the reason for the data that negotiations on trade agreements between the US and China again reached a deadlock. As a result, oil remains near weekly minimum.
Look Technical Analysis of Oil.
At the moment, Brent crude oil is trading around $ 73.50, an increase of about + 0.20% in price.
Oil brand WTI is trading at $ 68.10, an increase of about + 0.10% in price.
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Dani Levitan
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